Latvia - Sparking Plugs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpark Plug Price in Latvia - 2023
Contents:
- Spark Plug Price in Latvia (CIF) - 2023
- Spark Plug Price in Latvia (FOB) - 2022
- Spark Plug Imports in Latvia
- Spark Plug Exports in Latvia
Spark Plug Price in Latvia (CIF) - 2023
The average spark plug import price stood at $7.0 per unit in November 2023, falling by -58.2% against the previous month. Over the period under review, the import price showed a abrupt descent. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 153% against the previous month. Over the period under review, average import prices reached the maximum at $29.9 per unit in January 2023; however, from February 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Estonia ($40.5 per unit), while the price for Germany ($5.3 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Finland (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Spark Plug Price in Latvia (FOB) - 2022
In 2022, the average spark plug export price amounted to $3.4 per unit, dropping by -41.2% against the previous year. Overall, the export price, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 219% against the previous year. The export price peaked at $5.8 per unit in 2021, and then dropped rapidly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($86 per unit), while the average price for exports to Russia ($2.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+58.1%), while the prices for the other major destinations experienced more modest paces of growth.
Spark Plug Imports in Latvia
In 2022, supplies from abroad of sparking plugs increased by 18% to 282K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a deep setback. Over the period under review, imports attained the maximum at 547K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, spark plug imports soared to $5.2M in 2022. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Spark Plug in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 764 | 704 | 1,145 | 2,976 | 57.3% |
Estonia | 85.0 | 152 | 141 | 485 | 78.7% |
Poland | 256 | 264 | 422 | 339 | 9.8% |
Netherlands | 277 | 338 | 247 | 243 | -4.3% |
Finland | 166 | 167 | 246 | 236 | 12.4% |
Lithuania | 180 | 130 | 283 | 181 | 0.2% |
United States | 164 | 42.7 | 53.5 | 146 | -3.8% |
Sweden | 42.1 | 48.5 | 59.7 | 83.0 | 25.4% |
Others | 196 | 227 | 285 | 467 | 33.6% |
Total | 2,131 | 2,073 | 2,882 | 5,155 | 34.2% |
Top Suppliers of Spark Plug to Latvia in 2022:
- Germany (101.6K units)
- Netherlands (36.0K units)
- Estonia (33.8K units)
- Poland (25.4K units)
- Lithuania (23.0K units)
- Finland (19.1K units)
- Sweden (7.6K units)
- United States (3.2K units)
Spark Plug Exports in Latvia
In 2022, after two years of decline, there was significant growth in overseas shipments of sparking plugs, when their volume increased by 183% to 1.4M units. Over the period under review, exports, however, saw a slight decrease. Over the period under review, the exports reached the maximum at 1.5M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, spark plug exports surged to $4.7M in 2022. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Spark Plug in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 12.7 | 260 | 609 | 2,517 | 483.0% |
Belarus | 1,474 | 1,686 | 911 | 826 | -17.6% |
Sweden | 217 | 232 | 542 | 363 | 18.7% |
Estonia | 259 | 194 | 220 | 274 | 1.9% |
Uzbekistan | 286 | 164 | 165 | 57.8 | -41.3% |
Others | 187 | 594 | 357 | 635 | 50.3% |
Total | 2,436 | 3,131 | 2,805 | 4,671 | 24.2% |
Top Export Markets for Spark Plug from Latvia in 2022:
- Russia (1175.5K units)
- Belarus (140.0K units)
- Estonia (7.5K units)
- Uzbekistan (5.3K units)
- Sweden (4.2K units)
This report provides an in-depth analysis of the spark plug market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29312130 - Sparking plugs
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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